Abstract
ABSTRACT The current paper aims at studying the relationship between financial markets and economic growth. There is a gradual controversial among economists about a question that say if financial markets may cause economic growth or if financial markets is a real result for the increased economic activity ? or both states. The paper included an introduction and three basic themes .The first represents theoretical concepts the second is the empirical aspect in which sample states are divided according to their financial development. The third deals with the empirical results by using" The Panel Date" and finally conclusions and recommendations. The most important results of this paper is the difference of financial markets in economic growth among countries by the difference in its financial and economic development. Also, economic policies for these countries and most results for the tests showed that countries of financial development are being affected by financial markets largely and efficiently on economic growth. Economic growth may affect in increasing the efficiency and the completion of its duty for the financial markets. The opposite is the right for states of reduced financial development. .
